The Conversation (0)
Niogold Mining Corporation (CVE:NOX) reports that it has adopted a Shareholder Rights Plan similar to existing shareholder rights plans adopted by other Canadian public companies.
The press release is quoted as saying:
The Company’s Board has approved the Plan to ensure, to the extent possible, that all shareholders of the Company are treated equally and fairly in connection with any take-over bid for the Company. The Plan discourages discriminatory, coercive or unfair take-overs of the Company and gives the Company’s Board of Directors time if, in the circumstances, the Board determines it is appropriate to take such time, to pursue alternatives to maximize shareholder value in the event an unsolicited take-over bid is made for all or a portion of the outstanding common shares of the Company (the “Common Shares”).